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2012 Chart: Fiat currencies vs. gold and silver

derrybderryb Posts: 36,978 ✭✭✭✭✭
in Precious Metals
Gold was up 14131.4% if purchased with the Burmese Kyat!

The race to debase

The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    A very clear message regarding fiat currencies.... Logically, one can see, it cannot reverse without some cataclysmic event that virtually changes the world of finance as it exists today. (Wow, some statement - and I make that statement knowing full well that I in no way approach the depth of financial knowledge of most here on the forum.) Cheers, RickO
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